description of the ATM's. The basic submission that was made was, ATM is a combination of a Computer and it runs on a ... Encyclopedia, Sixth Edition, computer terminals are described as under:
A device that enables a computer to receive or deliver data. Computer terminals vary greatly depending
Learned AR submitted that ATM is a
computer terminal activated by a magnetically encoded debit
card that allows a person to make deposits ... a computer which is not very different
from any other personal computer but the basic function of
connecting a person to the bank ATM network
persons using the ATM. The ATM is guided by an external
computer, which does not mean that the ATM itself is a computer. ATM itself ... Therefore, it cannot
be said to be part of a computer or computer. Therefore, ATM is not eligible for a higher
rate of depreciation which
persons using the ATM. The ATM is guided by an external
computer, which does not mean that the ATM itself is a computer. ATM itself ... Therefore, it cannot
be said to be part of a computer or computer. Therefore, ATM is not eligible for a higher
rate of depreciation which
Learned AR submitted that ATM is a computer terminal activated
by a magnetically encoded debit card that allows a person to make
deposits ... a computer which is not very different from any
other personal computer but the basic function of connecting a person
to the bank ATM network
computers and
cannot carry out any of the functions of a computer and
therefore depreciation as applicable to computers cannot be
allowed for ATMs ... clearly held that ATM is neither a
computer nor a part of a computer but an electronic device
only.
3. For these grounds
ATM @ 60%. Observing, that ATM
machine was a part of the plant and machinery or office equipment, the A.O held a conviction
that ... a t A T M cannot
func ti on without the help of computer and would be a part of the computer used
a computer by itself and it is connected to
a computer that performs the tasks requested by the person using ATMs.
Since ... a computer by itself, but
it is connected to a computer that performs the tasks requested by the
person using ATMs. The relevant observations
with the computers, since the functions of both ATM and
computer are not comparable.
7. The Ld. CIT(A) failed to notice that ... with the computers, since the functions of both ATM and
computer are not comparable.
6. The Ld. CIT(A) failed to notice that
Learned AR
submitted that ATM is a computer terminal activated by a magnetically
encoded debit card that allows a person to make deposits ... a computer which is not very
different from any other personal computer but the basic function of
connecting a person to the bank ATM network
